Trent share price: Zudio operator plunges over 19% post Q4 business update

The stock plunged as much as 19.32% to ₹4,488 per share on the National Stock Exchange (NSE). At 10:32 am, it was down 17.75% to ₹4,574 a unit.

Its market capitalisation stands at ₹1,62,649.73 crore.

Trent reported a 28% increase in standalone revenue in the latest March quarter to ₹4,334 crore, compared to ₹3,381 crore in the corresponding period previous year. Multinational investment bank Morgan Stanley had estimated 35% revenue growth in the quarter under review.

The company had witnessed a growth of 37% in the previous quarter.

For FY25, the revenue stood at ₹17,624 crore as against ₹12,669 crore in the previous fiscal, reflecting an annual growth of 39%.

As of March 31, 2025, the Tata Group firm's store portfolio included 765 Zudio (including two in the United Arab Emirates), 248 Westside, and 30 stores across other lifestyle concepts.

An overall weaker market also contributed to the stock's fall. NIFTY50 is down 4% to ₹21,980, while SENSEX declined 2,893 points to 72,471 amid trade war concerns post US President Donald Trump's latest tariffs on trading partners, including India.

According to the Global Trade Research Initiative (GTRI), sectors, including textiles and clothing, will face more than 30% import duties in the US markets from Wednesday, April 9. In 2024, India's textiles and clothing exports stood at $10.8 billion.

In the NIFTY pack, Trent, Tata Steel, Tata Motors, JSW Steel, Shriram Finance, L&T, Hindalco, and HCLTech were the top laggards. Meanwhile, no stock was trading in the positive territory in the NIFTY50 space.

"Both China and Japan indices declined by 10% and 8%, respectively. This escalates the stakes in the ongoing trade war and raises concerns about a potential global recession that could affect everyone," Vikas Jain, Head of Research at Reliance Securities, said.

On Friday, foreign institutional investors (FIIs) offloaded equities valued ₹3,483.98 crore, according to exchange data.